Max Bupa Health Insurance Company announced the appointment of Mr. Manasije Mishra as their new Chief Executive Officer (CEO). He will take over the office from Dr. Damien Mormion who has been handling the position since inception.

Prior to Max Bupa, Mr Manasije Mishra has served as Managing Director & CEO of HSBC Invest Direct. He has also served as Sales & Marketing Director of Canara HSBC OBC LIFE Insurance Company. Mr. Mishra joined the HSBC group in 1989 and has immense experience in...  Read More »

Max Bupa Health Insurance Company, the latest entrant in the group of standalone health insurance companies announced the completion their two successful years of operation in India. Max Bupa also shared their aim to double their growth on all parameters and cover 1 million lives by 2015.

The growing insurance sector in India has witnessed launch of monoline or specialist health insurance companies. These companies focus on offering only health insurance products popularly known as mediclaim...  Read More »

The new bancassurance exposure draft released by the IRDA should bring about a positive impact to the three standalone health insurance companies in India – Apollo Munich Health Insurance, Star Health Insurance and Max Bupa Health Insurance.

According to the draft, one bancassurance agent can tie-up with one life insurance, one non-life (general) insurance and one standalone health insurance company in any of the states.

Bancassurance is a term that refers to banks selling insurance...  Read More »

Max Bupa Health Insurance which entered the health insurance space in 2010, hopes to break-even by the year 2015.

Neeraj Basur, Chief Financial Officer, Max Bupa said that they hope to break even in the 5th year of operations as they had targetted.

Max Bupa Health Insurance brings the knowledge and expertise of its two parent companies – Max India and Bupa to health insurance. It is one of the first companies to offer health insurance coverage of over Rs 15 lakhs to Rs 50 lakhs.
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Max Bupa Health Insurance Company has plans to introduce new health insurance plans that will address different insurance needs of customers. The private insurer is working on disease specific insurance products which they would be launching next year.

Dean Pollard, COO of Max Bupa Health Insurance Company said, "The product will cover treatment of specific diseases, mostly linked to lifestyle. However, it's little early to divulge detail about the product," said Dean Pollard, COO, Max Bupa...  Read More »

The premium collections of Star Health & Allied Insurance, for the month of July 2011, have declined by 51% over its collections in July last year. The company managed to collect only Rs 102.20 crore in premiums for the month of July this year, whereas their collections for the month of July last year stood at Rs 208.71 crore. While all other non-life insurance companies have registered a positive growth, Star Health and Universal Sompo are the only two insurers to have registered a negative...  Read More »

Max Bupa Health Insurance Company, has initiated a first of its kind health movement - 'Health Promise'. The company aims to touch base with Indian consumers online and promote the importance of health insurance. Through their new website, customers will be able to get health advice from renowned doctors and specialists, read health and fitness related articles, etc.
 

To promote this new initiative, Max Bupa tied up with Lakme Fashion Week and has roped in two biggest names in the Indian...  Read More »

Rakhshabandhan is just around the corner and if you are scouting for a gift to present to your sister, a health insurance policy may just be the right option. 

Reasons why you should gift a health insurance policy:

- It will take care of hospitalisation expenses including room in case of a medical emergency
- Hospitalisation expenses include various expenses such as cost of lodging, ICU, operation theatre, anesthesia, blood, oxygen, medicines, drugs & consumables, surgical appliances,...  Read More »

Health insurance policyholders looking to change their existing insurance company will have to wait for a few months as Insurance Regulatory and Development Authority (IRDA) has postponed the effective date.

The portability on health insurance policies which was set to be implemented from July 1, has now been pushed to October 1, 2011. The reasons cited by the regulator is that they are looking to provide a web based facility for all non-life insurance companies including the 3 standalone...  Read More »

Max Bupa Health Insurance recently stated that it is targeting Rs 70 crores in first premium collections this year.

There are only three standalone health insurance companies in India, including Max Bupa which is the latest entrant. Damien Marmion, Chief Executive of Max Bupa said that, the company has already collected Rs 40 crores within 14 months of operations. They have insured more than 70,000 lives in less than 450 days.

Max Bupa Health Insurance Company is a joint venture between...  Read More »